Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Sidelines Mode (+55) - SARJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SARJPY
The long-term trend has been DOWN since Feb 28th, 2020 at 28.743802
The intermediate-term trend has been UP since May 12th, 2020 at 28.741294
The short-term trend has been DOWN since May 22nd, 2020 at 28.559755
Smart Scan Analysis for SARJPY
Based on our trend formula, SARJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).